Mortgage Rates Rise on August 1, 2026
On Saturday, August 1, 2026, mortgage rates in the U.S. saw an overall increase compared to Friday's levels according to Zillow data. The national average for a 30-year fixed-rate mortgage rose by 10 basis points to 6.65%, while other products like the 5/1 ARM increased significantly as well. In contrast, some rates such as the 15-year fixed rate dipped slightly. Refinance rates also moved in mixed directions on Saturday. The average for a refinance of a 30-year fixed mortgage rose to 6.57%, while others like the 15-year fixed remained stable at 6.01%. These changes reflect ongoing market dynamics influenced by broader economic conditions and lender behavior. Consumers are advised to use tools such as Zillow's mortgage calculator to understand how these rate movements might affect their monthly payments, particularly in terms of principal, interest, taxes, insurance, and other fees.
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Topics: mortgage rates refinance rates Zillow data